The report also suggests that rapidly increasing resource consumption and waste generation are the driving force behind the move towards a circular economy. Neste expects the bioplastics market to grow by more than 40 percent by 2021, with 80 percent of the growth coming from durable biobased plastics. To help decouple plastics from the consumption of fossil-based feedstocks, Neste is developing new business operations from bioplastics using its renewable products as the raw materials.

By 2020, Neste aims to have renewable jet fuel, renewable chemicals, and biobased plastics account for 20 percent of its renewable business sales volume.